KevinMD April 19, 2024
More Americans are seeking mental health care than ever before, but many people receiving treatment have never met their psychiatrist in person—or even at all.
Telemedicine has been growing in popularity for years, but the COVID-19 pandemic sent tele-health care utilization rates through the roof. Now, after sharp increases brought by COVID-19 lockdowns, American telehealth utilization has stabilized at levels a staggering 38 times higher than before the pandemic. And Silicon Valley has taken note of these numbers.
Technology investors saw the increasing popularity of telehealth as a business opportunity. In 2020, billions in venture capital funding raced into the market, and the investments have not slowed down. In the first half of 2021 alone, venture capital investment in the digital health...
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